Prime cost is?

by Sunday | Jun 3 | Accounting WAEC | 0 comments

Use the information to answer the given question.

	D
*Opening stock: raw materials*	*10,000*
*work-in-progress*	*16,000*
*Purchases of raw materials*	*95,000*
*Direct labour wages paid*	*13,500*
*Royalties paid*	*6,200*
*Accrued wages*	*2,800*
*Closing stock: raw materials*	*7,500*
*work in progress*	*8,500*
*Manufacturing overhead*	*10,000*

Prime cost is?

A. D120,500
B. 117,700
C. D114,900
D. D114,300

Correct Answer: Option B

B. 117,700

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